GRAPHJET TECHNOLOGY (GTIJF): Nasdaq/NYSE listing notice — Energem Corp. receives Nasdaq delisting notice for failure to meet $50M market value requirement

GRAPHJET TECHNOLOGY

Received Nasdaq MVLS notice on March 31, 2023 for failing $50M market value of listed securities requirement.
180-day cure period until September 27, 2023 to regain compliance.
Must close at $50M or more for 10 consecutive days to regain compliance.
May transfer to Nasdaq Capital Market if eligible for additional 180-day period.
No immediate effect on listing; company evaluating options.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

GRAPHJET TECHNOLOGY received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A), 5810(c)(3)(A)

Exact text from the filing

March 31, 2023, Energem Corp. (the “ Company ”) received a notice (the “ MVLS Notice ”) from the Nasdaq Stock Market LLC (“ Nasdaq ”), stating that the Company’s listed securities failed to comply with the $50 million minimum market value of listed securities (“ Market Value of Listed Securities ”) requirement for continued listing on The Nasdaq Global Market in accordance with Nasdaq Listing Rule 5450(b)(2)(A) based upon the Company’s Market Value of Listed Securities for the 30 consecutive business days prior to the date of the MVLS Notice. The MLVS Notice has no immediate effect on the list

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Source: SEC EDGAR

accession 0001493152-23-010895

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